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what do you mean. if russia has US$ in hard currency, how can that be "rendered worthless"? what about reciprocity? if you render my reserves worthless, do you
by 2Gkashmiri 5y ago
what do you mean. if russia has US$ in hard currency, how can that be "rendered worthless"? what about reciprocity? if you render my reserves worthless, do you think i would continue to unhold my debt to you? if i owe you money, consider that also gone and same for my allies. where would that leave you? or say world bank or IMF for example?
- asplake 5y agoBy “debt” I meant bonds, US Treasuries for example. Is there a way to render them worthless only to Russia? Edit: In case it is not obvious, by not honouring future coupon and principal repayments